TMI BlogPenalty for other defaults.X X X X Extracts X X X X X X X X Extracts X X X X ..... person shall be liable to a penalty if he has, without reasonable cause, failed to- (a) answer any question put to him by a tax authority in the exercise of its powers under this Act; (b) sign any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in sub-section (1) shall be a sum which shall not be less than fifty thousand rupees but which may extend to two lakh rupees.
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